Salary Scale for Micro-Finance firm

InfoPro was commissioned by a large Micro-Finance Institution (MFI) to evaluate its salary scale for a set number of job positions. InfoPro, after extensive deliberations with the client, decided on the sectors which can be considered as direct competitors. InfoPro then sent the job positions and job descriptions to all comparators similar in profile to the MFI. Companies with a low number of matches were eliminated and in-depth interviews were conducted with the rest. During the in-depth interviews, InfoPro assessed the profile of the companies considered to be comparators and the salaries that they provide. InfoPro also investigated the company benefits and allowances provided including educational allowance, transportation allowance, housing allowance, meals, medical insurance, profit sharing schemes among other pertinent benefits. Working conditions and discrepancies in providing benefits and allowances across skill set and education were also assessed. Eventually InfoPro formulated a salary scale for the MFI highlighting its salary scale vs. the competition. The salary scale allowed the MFI to re-assess its internal salary sale and take action accordingly.